President Bola Ahmed Tinubu has said Nigeria has become a very high destination for investment despite the many challenges confronting the nation.

President Tinubu also said the economy is on an upward trend and has attracted billions of dollars of investment in the hydrocarbons sector, which he described as unprecedented.

President Tinubu said this on Thursday at the State House when he met with the delegation of the Civil Society Organisation on Community Advancement and Humanitarian Empowerment Initiative (CSCHEI).

The meeting was attended by Vice President Kashim Shettima.

“I have just received the good news that our gas investment has successfully navigated the most difficult river and is progressing very effectively,” he stated, referring to the milestone achieved by NNPC in crossing the River Niger with the OB3 Gas Pipeline.

The pipeline, installed 2km below the riverbed using state-of-the-art HDD technology, opens up a transport capacity of 2 billion scf/day—reinforcing Nigeria’s energy security, power generation and industrial expansion.

He praised the Civil Society Group for the quality of people working on its programmes.

“Thanks for kicking off high-level intellectuality and inquisitiveness in governance. We’ve made it through the edge of bankruptcy; we’re starting to see the light at the end of the tunnel.”

“We have an audacious project – the Sokoto- Badagry highway. In that corridor, we have over 75 dams that can be used for irrigation and technology, and power generation that will serve the majority of Nigerians to improve the quality of life,” he said.

The President also stressed that efforts to improve the security situation in the country were on course and added that the issue of state police was being looked into as “it’s not a situation that you can rectify with a snap of the finger. We shall overcome. “

The Director General, Civil Society Organisation on Community Advancement and Humanitarian Empowerment Initiative (CSCHEI), Kunle Yusuff, told the President that the organisation is a United Nations (UN) accredited non-profit establishment that coordinates various registered Community-Based Organisations (CBOs), Non-Governmental Organisations (NGOs) and Faith-Based Organisations (FBOs), to aid Socio- Economic Development, Community Enhancement and Humanitarianism.

He praised the bold, transformational reforms of President Tinubu’s administration. He assured the organization’s determination to complement government efforts to ensure that citizens appreciate government developmental efforts.

“Mr President, it is neither hyperbolic nor gainsaying to describe you as the architect of Nigeria’s new financial infrastructure. “Revenue outcomes have grown exponentially by over 300%.”

The Director General said Nigeria was doing well in the implementation of the SDGs Global Agenda 2030 with the appointment of seasoned principals to drive this process.

On the administration’s policy on local government autonomy, Yusuff said the President’s position showed the political will to address structural bottlenecks that have hindered governance from reaching the grassroots.

Mr Yusuff also praised the government’s achievements, particularly on infrastructure development, NELFUND and Social Investment Programmes, calling, however, for an increase in the list of beneficiaries.

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This year, Amina Benkhadra, head of Morocco’s hydrocarbons and mining agency (ONHYM), said that an intergovernmental agreement (IGA) will be signed for a planned $25 billion gas pipeline between Nigeria and Morocco.

Benkhadra told Reuters on Monday that after the intergovernmental agreement, Nigeria will set up an authority for the pipeline made up of ministers from 13 countries that are taking part. This authority will be in charge of political and regulatory coordination.

The African Atlantic Gas Pipeline project was agreed upon ten years ago. It will run 6,900 km on a mix of offshore and onshore routes and have a maximum capacity of 30 billion cubic meters (bcm), with 15 bcm going to Morocco and the rest going to Europe.

The Economic Community of West African States (ECOWAS) supports the pipeline, which has finished its feasibility study and front-end engineering design (FEED) stages.

“After the agreement between the governments, Nigeria will set up a high authority for the pipeline that will bring together ministerial representatives from each of the 13 countries involved to coordinate politics and rules.

There will also be a project company in Morocco that is a joint venture between ONHYM and the Nigerian National Petroleum Company (NNPC). This company will be in charge of the planning, financing, and building of the project.

The pipeline would help Morocco become an energy bridge between Africa and Europe by increasing electricity generation and making it easier for industries and mining to grow. This would help West Africa’s economies become more connected.

The first parts of the project would connect Morocco to gas fields in Mauritania and Senegal and Ghana to Cote d’Ivoire further south. The last part would connect Ghana to Nigeria’s gas fields.

Benkhadra says that the first gas from the first phases is expected in 2031. He also says that “the project does not rely on a single global final investment decision; each segment is designed to be developed as a ‘standalone system’ to allow for early value build-up.”

She did say, though, that while investors are still very interested in the project, no final funding commitments have been made. The project company will likely use a mix of equity and debt to pay for the project.

The project’s size, phased structure, and strategic location are all drawing a lot of interest.

“The project company will lead the financing structure and use a mix of equity and debt,” Benkhadra said.

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According to the head of the Nairobi Securities Exchange Plc, Aliko Dangote wants to sell shares in his oil-refining company on several African stock exchanges.

According to FirstCap Chief Executive Officer Ukandu Ukandu, Dangote hired Stanbic IBTC Capital Ltd., Vetiva Advisory Services Ltd., and FirstCap Ltd. to help with the IPO for Dangote Petroleum Refinery and Petrochemicals Fze.

Frank Mwiti, the CEO of the Nairobi exchange, said after a meeting last week in Lagos, Nigeria’s commercial capital, between the heads of African exchanges and billionaire Dangote, “The plan is to structure a pan-African IPO.”

A spokesperson for the Dangote Group told Bloomberg that the meeting between exchange officials did happen, but they wouldn’t give any more information.

The sale of shares on several African exchanges would be a first for the continent. It will help make Nigeria’s equity markets stronger, as well as those of other countries where it is listed. Nigeria is about to return to the FTSE Russell frontier-markets benchmark.

The report said that Dangote wants to increase the refinery’s capacity to 1.4 million barrels per day over the next three years, which would make it compete with Mukesh Ambani’s facility in India.

Right now, Dangote’s refinery can handle 650,000 barrels of oil a day. Last month, the African Export-Import Bank said it had backed $2.5 billion of a $4 billion syndicated loan for the refinery expansion.

Dangote plans to spend at least $40 billion on a growth push over the next five years. This includes expanding the facility, quadrupling fertilizer production, and more than doubling the capacity of its oil refinery.

The plant has been selling refined fuel to other African countries besides Nigeria. These countries are having a hard time getting gasoline and diesel because of the war between the US and Israel and Iran.

According to a spokesperson for the Nigerian exchange, Dangote, the chairman of the refinery, met with officials from the Nigerian Exchange Group and member organizations of the African Securities Exchanges Association earlier this month to talk about letting investors take part in the IPO across all African markets.

As part of efforts to improve transparency and meet Nigeria’s climate commitments, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has told upstream oil and gas companies to use standardized reporting templates and switch to measurement-based systems for methane and Greenhouse Gas (GHG) emissions.

The Commission Chief Executive, Oritsemeyiwa Eyesan, said in a policy directive that operators must set up reliable Measurement, Reporting, and Verification (MRV) practices for emissions inventories. This is in line with the 2022 Guidelines for the Management of Methane and Greenhouse Gases in the upstream sector.

The order comes at a time when there is more and more pressure on fossil fuel companies around the world to take real steps to keep warming to 1.5°C, especially by cutting down on methane emissions, which is a very strong greenhouse gas.

NUPRC said that since 2022, operators have had to use the Intergovernmental Panel on Climate Change’s Tier 1 method to measure emissions, and there has been a planned shift to more advanced methods. Companies must switch to Tier 2 methodologies by the third quarter of 2026 at the latest, and they must fully switch to Tier 3 or a similar high-level measurement-based system by January 2027.

The commission said that operators can still follow other recognized standards like OGMP 2.0, API, and ISO as long as their submissions meet its requirements. It also said that the Intergovernmental Panel on Climate Change (IPCC) framework will continue to be the baseline for reporting under the United Nations Framework Convention on Climate Change.

The regulator says the change is happening because of technical capacity issues and gaps in MRV infrastructure that have been seen across the industry. It said that targeted workshops and guidance sessions had been held to help operators build the skills they needed for the transition.

The commission said that Nigeria needs a strong, science-based, and verifiable emissions accounting system to reach its climate goals, which include net-zero emissions by 2060, no routine gas flaring by 2030, and a 60% cut in methane emissions by 2035.

To make sure everyone is on the same page, operators must now use set templates for Greenhouse Gas Emissions Management Plans (GHGEMP) and detailed inventories of methane and GHG emissions. The commission said that all submissions must be based on evidence, clear, and follow MRV principles.

The NUPRC also said that the changes are meant to make people more responsible, make Nigeria look better in the global energy and carbon markets, and make the upstream sector more appealing to climate-friendly investors.

The commission said again that it would help the industry by continuing to build capacity, give technical advice, and set up MRV infrastructure that makes things easier.

Operators must follow the guidance templates for the Greenhouse Gas Emissions Management Plan (GHGEMP) and the Reporting of Methane and GHG Emissions Accounting and Inventories to make sure that the upstream MRV and emission inventories are all the same.

“All submissions to the Commission that will take effect right away must follow the templates on the NUPRC website and be verifiable, open, and based on evidence in line with MRV principles.”

The commission said, “These steps are meant to make accountability stronger, make Nigeria more credible in global markets, and open up climate-smart investors for the upstream sector.”

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The second-best dollar gains in the globe this year have come from Nigerian stocks, which rose 31% in 2026 and recovered $21 billion in market value after the naira depreciated sharply in 2024.

At almost $84 billion, the Lagos Exchange’s total market capitalization is nearly 58% greater than it was prior to the depreciation of the naira.

Nigeria’s “benchmark index surged 31% this year, delivering the world’s second-best dollar returns,” according to a Bloomberg story on Tuesday.

“The surge is significantly greater than the 11% increase in the overall emerging-market index and the 6.4% rise in a measure of frontier-market stocks.”

The improvements were credited by analysts to improved investor confidence, a stronger naira, and higher corporate earnings.

SBG Securities Ltd. analyst Olabode Williams stated: “Businesses that were impacted by the decline of the naira have strengthened their balance sheets and become profitable again. Many investors are now factoring in growth, and the market is reacting favorably.

“After years of underperformance, the rally demonstrates that Nigerian equities are becoming more and more appealing to both domestic and foreign investors,” he continued.

Additionally, the value of the naira has increased, rising more than 7% against the dollar to become the second-best performing currency in the world this year.

A stronger naira, which is currently the second-best performing currency globally among those Bloomberg tracks this year with an increase of more than 7% against the dollar, has also supported stock gains, the company said.

The demonstration has been accompanied by a spike in foreign participation. Non-Nigerian trading in local stocks tripled to 2.65 trillion naira ($1.97 billion) in 2025 from 852 billion naira the year before, according to data from the Nigerian Exchange Group. This represents a 19-year high.

According to Gloria Fadipe, an analyst at CSL Stockbrokers Ltd., a division of FCMB Group Plc, the market may reach $100 billion this year as a result of the anticipated listings of Aliko Dangote’s fertilizer factory and refinery, which produce 650,000 barrels per day. “We could see up to 34% capital gains this year if these listings occur,” she continued.

The rally comes after more significant economic changes. “The devaluation was part of President Bola Tinubu’s push to unify and liberalize the foreign-exchange market and bring in investment,” according to Bloomberg.

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